The company announced 2002 targets for sales of$525 million and net income of $61 million, and ability to achieve an income from operations profit margin of 19%. These figures compare with 1999 results of $461 million in sales, $43.4 million in net income and an income from operations profit margin of 17.2%. In addition, the company is targeting additional sales of $200 million catalog shopping for home decoration by 2002 associated with new acquisitions. key to the plan are to:better allocate sales and production resources to key markets and customers to improve sales mix, and exiting marginal sales activity;achieve operational efficiencies and lower costs through higher capital spending in new technologies, with capital spending expected to exceed inc. to pursue its growth agenda without decides to terminate effort to acquire , cites entrenchment attitude at despite 133% premium.

the company designs, manufactures and markets under our well-recognized brand name an extensive line of high-quality, machine-made glass tableware. our company maintains over 2,000 stock-keeping units in one of the most extensive product portfolios in the north american glass tableware industry. its glassware manufacturing facilities and distribution network in north america, the largest in the glassware industry, enable it to provide a high level of service decoration to all its end users for glass tableware. home in addition, the company is a joint venture partner with the largest glass tableware manufacturer in mexico. we provide distinctive products at a competitive cost structure. at our company, we think we are like the decoration tortoise: sound, stable and focused on the goal.

our company has decided to move its acquisition efforts in other directions at this time, while continuing to pursue its agenda for internal growth. the company is terminating its efforts to purchase for $37.50 per share. this proposal was made to the board of directors on june 15, 1999. the proposed acquisition price represented a premium of 133 percent over the average price for shares for the 90-day period prior to the april 27, 1999, disclosure of ''s initial offer to purchase the company. "we remain convinced that the proposed combination would be in the best interest of building the businesses, improving the opportunities for its employees, customers and suppliers over the long term and maximizing value for its shareholders. however, it is evident that ''s entrenched management is intent on remaining a stand-alone company, home regardless of the implications for its shareholders and employees." decoration commenting on ''s growth agenda, meier stated, " is committed to strengthening its presence in its core markets.